- 7 states have enacted blockchain bills
- Arizona, Delaware, Illinois, Nevada, Tennessee, Vermont, and Wyoming
- 8 States have amended wire transfer satutes to account for lockchain
- $2.4 Billion in venture capital invested in blockchain since 2012
- $120,000 to $150,000 average salary for a blockchain company employee
- 19 states considering lockcahin bills in 2018
- Including: Hawaii, New York, Colorado, Nebraska, Vermont, Virginia, Florida, Maryland, and North Dakota
Category Archives: legislative trend
Editorial Prioritizes Cyber Security Over Border Security. 2 Key Supporter Arguments.
- Trump administration has elevated U.S. Cyber Command to a unified combatant command
- The internet is a critically weak link for the U.S.’s military
- “Adm. Michael Rogers, the head of Cyber Command, recently told Congress he needs $647 million to build the cyber mission force and conduct cyber operations”
Richmond Times Dispatch | Editorial: Cyber security is far more critical than border security
What's been the legislative & regulatory responses to Atlanta's ransomware attack?
Atlanta’s city services recently experienced a ransomware attack, the responses include:
- Calls for more transparency for utilities about their cybersecurity to “keep consumers aware of the threats and their frequency”
- Because electricity is a security issue, the market cannot resolve the issue & the government must act
- FERC is beefing up mandatory reporting requirements
Eagle Tribune Opinion | Utilities should be more transparent about cybersecurity
Lege Trend. Anatomy of a Statewide Net Neutrality Bill in the Mayflower State that also limits ISP data collection
Massachusetts Legislature is moving a net neutrality bill, S2376, that will:
- create a central registry of internet service providers
- require net nuetrality in government contracts
- prohibit ISPs from collecting, using or sharing a consumer’s personal data without their consent
- State rules would be developed by the state Department of Telecommunications and Cable
- Requires ISPs to make the same disclosures to state regulatators that ISPs make to the FCC
- An assessment on ISPs would be levied…
Lege Trend. What triggers a notification? How does that standard impact a business liability?
Draft Federal legislation will require notification of breach if and only if a business determines:
- “a reasonable risk that the breach of data security has resulted in identity theft, fraud or economic loss”
Why does this specific statuory draft langauge matter? Courts are split on whether a business is liable when a data breach hasn’t resulted in actual fraud or economic loss, which means the language sets up a liability threshold.
5 best practices. Business & Government Cooperation for Data Security from US Businesses
The US Chamber of Commerce has a new White Paper supporting business-government partnerships for data security.
The 5 best practices recommended:
- Cultivate trusted and bi-directional relationships with law enforcement and prosecutors
- Join a cyber information sharing organization
- Implement and Update cyber incident response plans
- Loop in legal counsel to keep counsel up to date on business’ cyber plans and resources
- Actively contact law enforcement during incident response for suspected…
3 Reasons 30+ State Attorneys General Opposition to Federal Data Breach Preemption.
32 Attorneys General oppose federal preemption of state data security laws because:
- Reduces state enforcement by allowing entities to decide if a breach needs to be reported
- Prevents proactive action by consumers in state law, which states currently have
- Leaves a vacant enforcement loophole for breaches that impact fewer than 5000
Pocono News | PA attorney general seeks stronger enforcement of data breach notification laws
Bi partisan Attorneys General Letter Opposing Federal Data Security…
CyberSecurity in the Bluebonnet Flower State Budget.
What does the Texas state budget spend on cyber security?
- $8.0 million for 180 employees whose repsonsibilities include cybersecurity
- $21.5 million appropriation to DIR for 2018-2019
- $24.0 million for new cybersecurity projects and initiatives at other agencies
- Cybersecurity acocunts for 2% of state IT expenses
- In 2016, DSHS reported security incident costs of $1.9million
Funding Voting Machine Data Security in the orange Blossom State
Florida legislature authorized the spending of $1.9 million in federal Help America Vote Act (HAVA) money for:
- Counties to buy devices & pay for a monthly monitoring service that looks for hacker attacks
- Each sensor costs $8,000
- Monthly monitoring is $1,300/month
- Funding will last only for 12 months
- Funding was not provided to protect the statewide database of voter information
- Funding doe snot include the Governor’s request for 5 cyber security experts
Lege Trend. Excluding Cybersecurity Info from Open Records. 4 Key Definitions in the Bill from the Apple Blossom State
Michigan enacted HB 4973 (2018) which will exclude cybersecurity information from open records requests.
It creates these 4 cybersecurity definitions to protect the state’s cybersecurity:
- “Cybersecurity vulnerability”
- “Cybersecurity plan”
- “Cybersecurity incident”
- “Cybersecurity assessment”
The Peninsula | New law exempts data linked to cybersecurity from FOIA requests